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  • The commandment against theft does not read: "You shall not steal, except by majority vote." We need to have private property rights respected not just by criminals, but also by individual citizens who find that they can extract wealth from others by means of state power. Furthermore, private property rights must be respected by profit-seeking businesses that would otherwise petition the state for economic assistance: tariffs, import quotas, below-market interest rate government loans, and so forth. To violate this principle is to call for the so-called "corporate state," another form of the welfare state - fascism, monopoly capitalism, or whatever. Whenever such a system has been constructed, it has led to reduced productivity and an increase in bureaucracy. The politicians are simply not competent enough to plan for an entire economy. To promote such a system of state planning and protection of industry is an illegitimate use of the ballot box, meaning democratic pressure politics.
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